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20130318
20130326
Search Results 0 to 5 of about 6 (some duplicates have been removed)
are taking. bernanke recognizes that obama and congress have repeated the errors of 1937 down to a tee. he can't let the fed's part in the drama be repeated. otherwise he'd go down as the fed chief who never got the economy going and put it back in a recession, a recession in a great recession. only world war ii ended the depression. and bernanke is not banking on being rescued by that kind of catastrophe. some people who don't know history are pressing him to do so. he's cognizant that we have seen the economy get hot and each time it's fizzled. he knows that things can be more fragile than they seem. he set the goal of 6.5% unemployment, nowhere near where we're right now and he'll wait until we get there until he decides to tighten. don't you wish you go back to 1937 and you could undo what the fed did then? i know bernanke would love to go back there. the depression would have ended years earlier. bernanke knows that's no do over. he'll play it safe the way his predecessors should have played it 76 years ago. consider what we heard today. i was on the street signs with brian and mandy
as obama scares us into thinking it is. we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe the macroenvironment has gotten worse than we thought. oracle is not that bad a company. you don't want to get too negative either. what could be right? while i don't expect a grand bargain in washington, i think that's off the table, it's always possible and if that happens and you're short the market, betting against it or don't have enough stock, you will be left behind. you will be crushed. you short the market, we get a grand bargain, one solution. second, the brinkmanship game in europe could get resolved with some solution we don't know about yet that w
Search Results 0 to 5 of about 6 (some duplicates have been removed)